Duties Act 1997
106Definitions
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106 Definitions
106 Definitions
In this Part—
assign or assignment includes transfer, and a reference to the assignment of a right under a call option includes a reference to a transfer of the call option.
call option means a right to require a person to sell dutiable property that is conferred by an agreement or arrangement (being an agreement or arrangement that is not a dutiable transaction).
put option means a right to require a person to purchase dutiable property that is conferred by an agreement or arrangement (being an agreement or arrangement that is not a dutiable transaction).
residential land has the same meaning as in Chapter 2A.
s 106: Subst 2003 No 79, Sch 1 [1]. Rep 2004 No 96, Sch 1 [3]. Ins 2005 No 51, Sch 1 [14]. Am 2006 No 87, Sch 1 [6] [7]; 2016 No 32, Sch 1 [16].